|  |  |  |
| --- | --- | --- |
|   | (b) | If an Event of Default shall have occurred and be continuing, in addition to all rights and remedies accorded to Lessor elsewhere in the Lease or under Law in respect of the
Deposit, Lessor may immediately or at any time thereafter so long as such Event of Default shall be continuing, without prior notice to Lessee, apply all or part of the Deposit in or towards the payment or discharge of any matured obligation owed by
Lessee or any Lessee Affiliate under the Lease or the Transaction Agreements, in such order as Lessor sees fit, and/or exercise any of the rights of set-off described in Section 5.20 against all or part of the Deposit.  |

  




|  |  |  |
| --- | --- | --- |
|   | (c) | If Lessor exercises the rights described in Section 5.13(b) above, Lessee shall, following a demand in writing from Lessor specifying the amount to be replenished and stating in
reasonable detail the amount and basis upon which such portion of the Deposit was applied, immediately restore the Deposit to the level at which it stood immediately prior to such exercise.  |

  


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